Cuatrecasas advises Standard Profil Automotive on €145m high-yield senior secured bond issue

Cuatrecasas, together with other English, US and international law firms, advised Standard Profil Automotive and its subsidiaries in Spain and Mexico on a cross-border financial restructuring. The transaction comprised a high-yield issue of senior secured bonds for a maximum aggregate amount of €145 million governed by New York law, with maturity in 2030. The bonds were issued as part of the financial restructuring of the Standard Profil Group and implemented pursuant to a scheme of arrangement under section 26 of the UK Companies Act 2006, which was sanctioned by the High Court of Justice of England and Wales. The restructuring has enabled Standard Profil Automotive GmbH to strengthen its financial position and capital structure and to support its growth potential. The transaction affected multiple jurisdictions, including Germany, New York, Spain, Mexico, Bulgaria, Luxembourg and Turkey. Cuatrecasas participated in the transaction through interdisciplinary collaboration with other English, US and international law firms to address the cross-border aspects of the deal. Cuatrecasas represented Standard Profil Automotive and its subsidiaries in Spain and Mexico with a team composed by: Jaime de la Torre, Álvaro Heras and Miguel Sainz de los Terreros (Madrid), and Gizeh Polo, León López and Ricardo Isaac Medina (Mexico City), from the firm's Commercial and Finance group.

Cuatrecasas advises Standard Profil Automotive on €145m high-yield senior secured bond issue

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